- Global trade is increasingly influenced by taxes like VAT, tariffs, and duties.
- These taxes are now strategic tools impacting global trade strategy.
- VAT is more than a sales tax; it captures revenue where consumption occurs.
- Digital services and e-commerce have led to new VAT rules, increasing complexity for businesses.
- Tariffs are used as political and economic tools, affecting supply chains and sourcing decisions.
- Businesses face challenges like unpredictable costs and compliance issues due to these tax strategies.
Source: eaccny.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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